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K92 Mining Inc.
Summary
| Project: | Kainantu | |
|---|---|---|
| Deposit: | Irumafimpa | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 2/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-2-2017: K92 Mining Inc. announces an Exploration/Drilling Update report for its Irumafimpa deposit at the Kainantu project. Drilling results incl. 2.7m @26.54g/t Au, 0.051% Cu, 2.1g/t Ag from 21.5m. K92 Mining Inc. (“K92”) (TSXV - KNT) is pleased to an | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Kohler (Internal) | |
| ABSTRACT: | K92 Mining Inc. (“K92”) (TSXV - KNT) is pleased to announce recent results from the ongoing grade control drilling program at its high grade Kainantu Gold Mine, which is currently ramping up towards commercial production. The latest results are from the ongoing campaign of close spaced underground diamond drilling which is part of a comprehensive grade control strategy commenced in September 2016. The current grade control results are from an area of the Irumafimpa Deposit which will be mined in the coming six months and is designed to bring a high degree of confidence to the production planning and scheduling. The closed space drilling pattern of approximately 15 metres by 15 metres has significantly increased the confidence in this previously sparsely drilled area, with almost every hole recording high grade intersections. Ian Stalker, K92 Chief Executive Officer and Director, states, “The continuing high grade results we are seeing from our grade control drilling provide us with increasing confidence in both the continuity and the high grade nature of the Irumafimpa system. As in previous drilling, there is also evidence of multiple parallel high grade veins within close proximity to each other, providing the potential for several veins to be mined from the same underground access. The number of these high grade results along with previous drilling results, are perhaps indicative of our internal high grade cut being too aggressive. It is also good to note the consistency of these results, as we near the commencement of the internal underground drilling campaign designed to test the undrilled area between this Irumafimpa ore body, and the Kora orebody.” | |
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